FOREX INDICATORS: Questions and Answers for beginners
Where can I find the Camarilla indicator?
You can find it here along with the explanations how to use it:
If you have two indicators in conflict for USD/MXN. ADX and RSI are at both 100 even. The Williams is at -50. The standard deviation is zero with momentum at zero too. I have drawn an upward triangle for the last thirty minute mark. Is the triangle the right indicator for the directional buy/sell since; their is low volume. I have three EMA setup but all are dead even combined. Any assistance would be great.
ADX at 100 is unlikely. Apart form that, if indicators keep silence, you turn to basic and most reliable methods of technical analysis - trend lines, channels, S/R levels, candlestick combination patterns etc. If the volume is low and you've identified a triangle pattern, it is your key reference point - a breakout of the triangle on a higher volume would show where the market wants to go next.
I used MetaTrade4 Platform for trading, but when i insert MACD indicator, i only see one Signal line, and one EMA curve not two, but on other it always two curves.
Pls how can i make the my MACD has two EMA curves.
Metatrader 4 has a standard MACD indicator - the one you're using.
You need to download and use this custom MACD indicator:
Is there an indicator that helps to calculate percentage bullish or bearish when trading, i.e that i will put on my platform to indicate it in percentage any time i'm trading? pls tell me the indicator. Thanks
None of us is aware of such indicator. We are sorry. If anyone knows, please help by leaving a comment below. Thank you.
I have seen different stochastics with different properties like: 9 3 3; 10 3 3; 5 3 3; 6 3 3 etc. pls which property can i use bcos i want to combine stochastic with pivot points on my trading platform using 15 minutes time frame.
For 15 min charts the best choice would be to use Stochastic 5, 3, 3.
Where do i go to learn how to efficiently use Forex indicators like MACD, Fibonacci Retracement, Arcs, trend lines and other important indicators to be able to predict the market movement more carefully.
There are many good resources online.
For example, you may read about trading with MACD at http://forex-indicators.net/macd
There is a well known resource of good Forex strategies based on different indicators, where you may learn how to apply indicators on practice: http://forex-strategies-revealed.com/simple
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